Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Get in before the big rise
⚠️
Increase in volume. means news is coming, we are in play now, watch this afternoons action
Get out before the big drop
Just look at the trades selling pressure
If you are the sort of person that has sleepless nights over investments, you are probably in the wrong game!
Mining shares have always been risky but IMHO this is no duster.
Have a strategy and stick to it. I personally like to buy on the dips and slice on the spikes. I only sell where I've made profit (not based on my average SP, just on price paid for a block). Top slicing gives me cash to buy on the next dip.
I've used this strategy with HE1 and now I'm riding on a high percentage of 'free' shares after a long period of being several thousand down (i started at IPO).
I might talk up this share because I believe in it but I would never stoop so low as to scare off investors just to buy at a lower price or profit from a short..
I may loathe derampers and connot condone their lack of ethics, but I will take advantage of them if others heed their 'warnings' and a buying opportunity arises.
DYOR, find a strategy that suits you and GLA (including derampers)
It just started to go down
I would say hold your money until hit the bottom
Can't work out if these are big sells or buys?
12:12:42 1.2738 5,102,136 64.99k O
12:09:25 1.2501 800,255 10.00k O
12:05:54 1.2555 3,982,795 50.00k
any ideas? Thanks
Come on Mac......give us a copy and paste 😃
exmex, not sat praying but will definitely look to buy in heavily again if it goes sub 1p after potential raise news. for me, this would be massively derisked and present very good value for a share that i think can go into the 5 to 10p zone in the medium to long-term.
i take it from your reply that you also don’t know the answers to the questions that i’ve posed? maybe concentrate less on the pointless smart **** replies and actually do some research and questioning. this was spoken about as a discovery, i find it strange that there has been a reluctance to use the word since.
If everyone reads the RNS’s they clearly do state we will be informed of progress , I believe all is fine , just patience and waiting! That’s what share dealing is …. Risky but can be very rewarding in time !
This is from 7 th March
Helium One is currently working towards an EWT in Q3 2024 on Itumbula West-1 in order to confirm flow rates and the fluid composition. Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. The Company has already approached vendors regarding such facilities and will be working closely with them over the coming months.
The Company is also reviewing its options to drill another well this year, following the commencement of the EWT. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations.
The Company-owned Epiroc Predator 220 drilling rig is currently hot stacked at the Itumbula West-1 wellsite. Additional spare parts are being obtained while the rig remains in a state of operational readiness.
Recent positive engagement with the Mining Commission of Tanzania has enabled the Company to align on forward appraisal and development plans, including associated licensing requirements. The Company looks forward to making further updates in due course.
Sorry it is cut and pasted :)
Gla
Spot on blubay!
It's not 'extremely worrying' at all unless you've chosen to trap yourself in some kind of risk investment or leverage you can't get out of. The company has been clear about the immediate next steps, based on the last raise, giving them time to prepare next steps and develop a plan to model and commercialise the resource. Everyone knows they will need more capital for the EWT at Itumbula or/and deepening the well at Tai. As long as you factor in a possible raise to cover that what is there to worry about? It's an AIM prospecting share, none of these companies have any income, they exist solely to tap into risk capital investment, which bears a high market cost. If you don't want that risk invest in FTSE100 shares.
Last seen having sumptuous Chinese dinner. A number 1 if I recall.
Js15, i thought you were sat praying for a sub 1 p reentry price, you seem to be getting impatient. Maybe you can contact the company and raise your concerns, i'm sure you're capable. Don't forget to let us know how you go on.
No guarantee of a raise but the last one followed a multi bag hike and we’re already a multiple of where we were before the last hike.
Remember this is AIM and my guess is as good/bad as anyone else’s.
My guess would be around 3.25p
DYOR and GLA
You are meant to put them in your mouth Ranchez ;0)
Deramp this but ramp Hex.
Compare 88E raise with this says it all about you.
I'll go raise @1p/1.1p.....I reckon being sold into now, so timescale probably same as you
Mine are: raise within the next 2 months (probably sooner) at 0.8p.
News just in that Lorna has had Spinach Pancakes with Wild Blueberries for breakfast so we could see this go blue anytime soon. 💪
GLA 📈
Scare mongering titles are just that.
Even though the answers to all of the questions under the previous thread would be helpful for P.I's to make a more solid investment decision, the share price reflects the uncertainty and the risk.
If I was 'extremely worried' I wouldn't invest or as the old saying goes when dealing with A.I.M companies......don't invest anything that you can't afford to lose.
All IMO of course.
Agree we would like more information but until they have more to give would be a pointless RNS .
More likely May to get news in reality as April is wet season no drilling , nothing .
Waiting , patience needed , so I believe Imop is a buy and hold and Wait ….. for Helium!
Gla
Morning Aitch, as someone that has been in and out of this share I’ve had a vested interest in reading RNS’s and watching interviews. Despite this I still dont see answers to these questions. From your perspective, and as someone who believes my points have been addressed, can you answer my questions please?